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Tag: Kering

Retail Asia18/02/2022
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Fashion

Kering bullish on Chinese domestic luxury consumption

2min0
French luxury goods Kering sounded a positive note on its forecasts for its performance this year in China, even if the country’s consumers are not expected to resume traveling abroad for at least a year. Group managing director Jean-Francois Palus told analysts on Thursday the company had deepened its presence in mainland China during the […]
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Retail Asia02/12/2021
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Fashion

Prada sees second-hand fashion as opportunity, weighs partnerships

3min0
Italian fashion group Prada sees opportunity in the booming second-hand fashion sector which it can develop both in-house and through partnerships, marketing chief and heir designate Lorenzo Bertelli said. The market for pre-owned chic bags and clothes has surged over the last three years, driven by younger, more environmentally conscious shoppers looking for affordable high-end […]
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Retail Asia02/03/2021
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Fashion

Kering invests in resale platform Vestiaire Collective

2min0
French luxury group Kering has taken a 5 percent stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, betting that the booming resale market will help it woo younger and more environmentally conscious shoppers. The purchase is part of a 178 million euro (US$215 million) financing round announced on Monday which valued […]
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Retail Asia06/11/2019
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Fashion

Gucci powers French Luxury Group Kering’ growth

1min0
French international luxury group Kering has seen positive trading results brought on by stronger-than-expected sales of its Gucci brand. The group is among several luxury houses that have so far managed to ride out interruptions to business caused by 21 weeks of protests in Hong Kong. Kering is following a strategy of redistributing stock originally […]
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Retail Asia31/01/2019
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Finance

Kering faces €1.4 billion Italian tax bill

2min0
Kering is facing an Italian claim for €1.4 billion (£1.2 billion) in unpaid taxes. The company’s Swiss-based Luxury Goods International (LGI) subsidiary has been under investigation for allegedly avoiding tax on earnings generated elsewhere. The probe has largely centred on Gucci, Kering’s star brand and biggest revenue driver. Italy’s tax police carried out checks at […]
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Retail Asia12/12/2018
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Fashion

Kering leads the way to gender diversity

2min0
French luxury goods giant Kering has received a prize for its high level of female representation on its board. The company has made gender equality one of its corporate priority and has, this week, been chosen to receive the “Most Feminine Board of Directors” award. Handed out by the European Women on Boards along with Ethics & Boards, Kering was […]
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Retail Asia07/12/2018
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Fashion

Gucci fine jewelry new style revealed

12min0
These are flush times for Gucci, the 96-year-old house that in recent years has become fashion’s all-conquering luxury brand. And amid booming sales, Alessandro Michele, Gucci’s creative director since 2015, has introduced the brand’s first high-end fine jewelry line, a series of extravagant styles that present the designer’s florid evocations of flea market finds as gem-encrusted […]
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Retail Asia30/11/2018
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Fashion

Kering’s new digital strategy revealed

7min0
Customers draw inspiration from today’s hyperconnected world and they engage with luxury brands through the digital tools they use every day. In a fast-changing environment, the success of luxury houses depends upon their ability to offer creative propositions, and a consistent customer experience across all distribution channels and devices. In December 2017, Kering appointed Grégory Boutté as […]
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Retail Asia07/11/2018
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Fashion

Why is Kering buying its shares back?

6min0
Kering, which owns Gucci, Saint Laurent and Balenciaga, said it planned to buy back up to 1 percent of its share capital over a 12-month period. According to the luxury-goods group, the total amount of the share buyback agreement would not exceed €300 million (about $342 million) and the price would not exceed €480 per share. A stock buyback, […]
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Retail Asia29/10/2018
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Fashion

Gucci powers Kering third quarter sales

3min0
Kering sales growth significantly outpaced its rivals during the third quarter, up 27.6 per cent as reported and 27.5 per cent on a comparable basis, to €3.402 billion. In Kering-operated stores, Asia Pacific sales rose 33.3 per cent on a comparable basis, bettered only by North America’s 36.1 per cent increase. Growth in online sales […]
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Retail Asia06/09/2018
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Fashion

Jinqing Cai, President of Kering Greater China

4min0
Kering is reinforcing its corporate team in Greater China in order to adapt to the fast-changing business environment in this market, which has been continuously growing in importance for the luxury industry since Gucci opened its first store in China in 1997. This new management set-up will strengthen the existing corporate structure specifically dedicated to […]
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Retail Asia31/07/2018
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Fashion

Luxury group Kering reports positive numbers

3min0
Fashion giant Kering’s decision to focus the business on luxury appears to be paying off. In what chairman and CEO Francois-Henri Pinault termed “dazzling top-line and earnings performances” during the first half year, total revenue rose 33.9 per cent on a comparable basis and operating margin rose above 30 per cent for the first time […]
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Retail Asia29/06/2018
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Fashion

Tomas Maier to close down

2min0
After more than twenty years of operation, Tomas Maier is no more. The luxury fashion label, founded in 1997 by the German designer of the same name, will cease operations by year-end. French luxury conglomerate Kering, which acquired the women’s wear brand in 2013 via a jointly owned company of which it was a major shareholder, confirmed this […]
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Retail Asia11/06/2018
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Fashion

Gucci unveils Gucci Equilibrium

5min0
Gucci has its finger right on the pulse of the fashion industry, as its latest initiative, Gucci Equilibrium, solidifies its position as a sustainable, responsible as well as highly-desirable luxury fashion house. Today, on World Environment Day, the Italian fashion house launches its new online destination at Equilibrium.gucci.com, “designed to connect people, planet, and purpose,” […]
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Retail Asia26/04/2018
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Fashion

Gucci succesfull for Kering sales

3min0
Kering sales rocketed 36.5 per cent in the first quarter of this year, reaching €3.108 billion (US$3.8 billion), led by Gucci’s staggering 48.7 per cent improvement. “Kering maintained its outstanding sales momentum in the first quarter,” said Kering chairman and CEO Francois-Henri Pinault. “Under its new luxury pure-player profile, the group clearly outperformed a market […]
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